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Philippines: Up to ₱300,000 loans for e-bikes, e-mobility

Gulf News: Latest UAE news, Dubai news, Business, travel news, Dubai Gold rate, prayer time, cinema·Jay Hilotin·29 days ago
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State-owned retirement fund GSIS rolls out 'Ginhawa Bike and E-Mobility Loan' Last updated: May 04, 2026 | 09:23 The Philippines' e-bike loan scheme supports a wide range of eco-friendly transport options, including electric bikes, e-scooters, e-mopeds, cargo e-bikes, folding electric bicycles and similar electric-powered mobility units. X Manila: Tired of watching your hard-earned salary evaporate every time you hit the fuel pump? Well, buckle up — or, should we say, plug in. The state-owned Government Service Insurance System (GSIS) has officially dropped the "Ginhawa Bike and E-Mobility Loan" (GBEL), allowing qualified members to borrow up to ₱300,000 (about $4,880) to finance up to 100% cost of the unit. It’s dubbed as the ultimate hack to dodge those skyrocketing transport costs fueled by the global energy crisis.…

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